The Penn's Grove record., 1887-04-16
THE ST. 30 BOOM.
A CITY OF 80, 900 That VIII Number 1oO,-
600 IN Twelve MonthR.

A City OF 90. 900 That VIII Number 10O,-
900 In Twelve Months.
"Most remarkable statements are heard
In every hotel lobby and IN every railroad
train about st. Joseph, No." writes a press
correspondent. "a large amount of Kan
sas City, Chicago and st. Loais capital is
being invested in st. Joseph real estate,
and / hear that a number of large enter
prises, employing thousands of men and
with a capital that, tops millions, have
completed arrangements for moving, bag
and baggage, TO this new center of emf
grafton. l met a st. Joseph man ON q
Wabash train to-day. He tells me that
the immediate cause of the great boom
is the of the Chicago, Rock Island
and Pacific Railroad. This great system
is making st. Joseph its Missouri River
depot for its freight and stock traffic be-
tween Chicago and the Northwestern
ranges, and has given the city a promi-
hence as a railroad center equalled only by
Chicago. The extension of the Rock Island
has induced the Chicago, Milwaukee n
st. Paul to extend the diagonal southwark
to ST. Joseph, and the Santa Fe to come up
direct from Topeka and Atchison, in
order TO secure q short cut to Chicago, said
to be sixty miles shorter than by any other
way. The Rulo bridge will be completed
by the fist OF August, and that will send
the Burlington and Missouri trains from
Denver eJldlSub through o.. OOStpu, vast
ward via the Hannibal. These and other
favorable circumstances have combined to
| bring about a boom which, ..as l said in the
outset, has become the absorbing topic of
conversation in every prominent hotel
lobby half way across the continent. |
hear Of men who have made a fortune in
one day on an investment of 81, 600. People
are buying lots in hollows and on top of
bluffs, and half the sales are made from
| Sha man yifhnnf an iDsnarfinn of fha
| ground whereon they are located. The
| city has about 6 $1,000 inhabitants, and not
the least remarkable fact is that she is
quoted in the last United States census as,
next to Portland, the richest town of her
size in the country, controlling the whole
sale trade OF Kansas, Nebraska, Colorado
and New Mexico. Her shipping facilities,
coupled with her large wholesale trade,
have made her perhaps the best mannfac-
turing and pork-paeking point in the West.
| The new Stock Yards, the most complete
west of Chicago, cover 40 acres OF ground,
| and will shortly combine an hotel, stock
exchange and severallarge packing houses,
with other facilities. Local capitalists are
erecting a new $500, 600 hotel, a safe de-
pository, ard companies have been organ
lied to build a belt line and two cable
roads, while the Council has just granted
the right TO two OF the street-car conn aDies
to employ the electric motor. An inspee-
ton of the Boston Posts weekly clearing
house reports for the past three months
shows the percentage ofincrease the largest
of any city quoted IN the report. Under
such like circumstances, my informant
thought, the boom rested upon a solid foot
ing. Strangers are coming in by every
train, and he predicted that the city would
have a population of 100, 600 in the next
twelve months. Large additions to the
city are plated, put on the market and SOLD
in two days for residences, manufacturing
and business purposes. the real estate deal,
ranging from $780, 900 to 500, 900 a day
those of last week footing up So, 900, 000."